Asifur Rahman

Demonstrators' demands include removal of REB chairman, unified service rule

The allocation for the power division in the national budget for fiscal year 2025-26 is around 30 percent less than that of the previous fiscal year, while it has been nearly doubled for the energy and mineral resources division. .The government has decided to cut electricity production c

LNG import will stand 6.5 million tonnes from 5 million, cut import VAT

Three mega projects will get special focus in the upcoming development budget with the view to providing cheaper electricity, easing Dhaka dwellers’ transportation problem and enhancing international trade for Bangladesh.

Bangladesh’s GDP grew by 3.97 percent this fiscal year, the slowest in 34 years excluding the pandemic, on the back of lower growth in the agriculture and service sectors.

As much as Tk 122,000 crore is expected to be allocated for interest payment in the budget for the upcoming fiscal year, which is about 22 percent of the total revenue budget.

The budget for fiscal 2025-26 is likely to be smaller than the current year’s outlay, but subsidy spending is expected to remain almost unchanged at Tk 1,15,741 crore.

The government plans to raise the food subsidy allocation by 31 percent to Tk 9,500 crore in the upcoming fiscal year, aiming to ensure access to affordable food for poor and low-income households.

Kerosene and diesel will no longer cost the same, as per a new fuel pricing formula introduced by the Energy and Mineral Resources Division yesterday. ..As per the formula, Bangladesh Petroleum Corporation’s (BPC) administrative costs and Eastern Refinery’s fuel processing costs hav

For the first time, the planning ministry has used a digital budget planning system to categorise spending based on economic codes

The railway ministry, the power division, and the primary and mass education ministry will see the biggest chop.

The government has reached a staff-level agreement with the International Monetary Fund for the fourth and fifth tranche of the $4.7 billion loan programme, putting to bed months of uncertainty over their disbursement.

The government is set to reach an agreement with the International Monetary Fund over the exchange rate issue that has been holding up the release of the fourth and fifth tranches of the $4.7 billion loan programme soon.

The next budget may be slightly smaller than the current fiscal year’s, but non-development spending is expected to rise by over 5 percent due to higher debt servicing costs, food subsidies, and a special allocation for bank reforms.

The government and the International Monetary Fund are set to meet again today for another round of negotiations over the release of the fourth and fifth tranches of a $4.7 billion loan programme.

Based on private electricity producers’ request, the Power Development Board (PDB) asked Bangladesh Petroleum Corporation (BPC) to nearly triple its import of furnace oil to around 500,000 tonnes a month so that the electricity demand in the summer can be met.

The fourth tranche of the instalment was deferred due to disagreements and now talks are going on to release two tranches at once.

Government officials will face death penalty or minimum life sentence if found guilty of causing the death of enforced disappearance victims, according to a draft ordinance unveiled yesterday.

As much as $900 million has been on hold since 2022 in the central bank's escrow account

The interim government may backtrack from its initial plan to set an ambitious GDP growth target of 6 percent for the next fiscal year amid the new economic reality and settle for 5.5 percent.